Changgao Electric announced that its wholly-owned subsidiaries Hunan Changgao Electric Co., Ltd., Hunan Changgao High-Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Power Equipment Co., Ltd. have won bids in State Grid Corporation of China's 2026 third public bidding for substation equipment for power transmission and transformation projects, third direct procurement for substation equipment for power transmission and transformation projects, and third public bidding for equipment for ultra-high voltage projects. The wins cover three product categories: gas-insulated switchgear, disconnectors, and switchgear cabinets, with a combined bid amount of 416 million yuan, accounting for 25% of the company's 2025 audited consolidated operating revenue. After formal contracts for the relevant projects are signed, it is expected to have a positive impact on the company's operating performance in 2026 and subsequent years, without affecting independence.
Hunan Changgao High Voltage Switchgear Group Co LtdWon State Grid bids worth 416 million yuan, 25% of 2025 revenue, boosting future performance.